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Dec 2, 2013 2:30pm PST
to be paid for. they are, usually in the form of taxes. why must the government provide these services? why can't we rely instead on the free market? it's a controversial question, as we see in the case of private utilities versus the tva. the great mississippi flood as we of 1927the case left 800,000 homeless. swelling waters overran levees throughout the tennessee river and into the mississippi, turning northern louisiana into an inland sea. secretary of commerce herbert hoover called the flood the greatest peacetime calamity in the history of the country. the disaster was predictable. the mississippi had flooded before. local authorities attempted to pvide flood control, but with uneven efforts. the levee system is oy as strong as its weakest link. the building of dams could have prevented the flood. some legislators wanted to use federal funds. but they faced tough opposition on capitol hill. dams not only control floods, but they can be used to generate hydroelectric power. that presented a threat of competition to the private utilities. to justify the expenditure required to build the
Dec 9, 2013 2:30pm PST
taxes. until europe works out some of these kinks in its new currency, the euro will ve trouble establishing itself as a global reserve currency to rival the dollar. what in the world is a dollar worth? well, since the 1970s, we've learned to let the markets decide, with a little help from its friends at the treasury department and finance ministries of the big industrial nations. what difference does it make? well, with imports, exports, and jobs here and abroad hanging on whether currencies go up or down, it makes all the difference in the world. what's ahead for the dollar? well, no one can say for sure, but you can bet there'll be more ups and downs, more attempts at international coordination, and, with the euro, a new and more powerful currency in world markets, a new and more powerful partner in currency coordination meetings. for "economics u$a," i'm david schoumacher. i'll get that one. must be careful. well, that's a nice picture. come on, anna. ok. announcer: foreclosure doesn't affect just you. it affects your whole family, too. if you've fallen behind on your mortga
Search Results 0 to 1 of about 2